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Barchart
Barchart
Rich Asplund

Coffee Prices Weighed Down by Dollar Strength and a Rebound in ICE Inventories

Ice Brazil USDA Vietnam the International Coffee Organization the USDA FAS Volcafe

March arabica coffee (KCH25) today is down -1.75 (-0.55%), and March ICE robusta coffee (RMH25) is down -48 (-0.96%).

Coffee prices today are trading lower, with robusta posting a 1-week low.  Today's dollar strength is weighing on most commodity prices, including coffee.  Also, an increase in current supplies is bearish for prices as ICE-monitored arabica coffee inventories rose to a 2-1/2 year high Monday of 993,562 bags.  Also, ICE-monitored robusta coffee inventories rose to a 3-month high today of 4,415 lots.

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